FX.co - BTC analysis for December 06,.2021 - Potentilal for the downside continuation

2021-12-06T15:11:23

Relevance until2021-12-07

Technical analysis:

BTC analysis for December 06,.2021 - Potentilal for the downside continuation

BTC has been trading downside on Friday and see potential for another downside cycle.

Trading recommendation:

Due to strong selling in the background, I see potential for the downside continuation after the rally.

Watch for selling opportunities on the rallies with the downside objectives $46,485 and $42,150

Stochastic is showing neutral stance.

Resistance level is set at the price of $49,715

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for December 06,.2021 - Potentilal for the downside continuation